Key Indices
Top Stories
Company Results | Bursa Malaysia (BURSA MK/HOLD/RM8.00/Target: RM8.20)
- Bursa’s reported 3Q26 earnings were in line with forecasts. We expect the current muted market sentiment to persist. Maintain HOLD with a target price of RM8.20.
Company Results | CTOS Digital (CTOS MK/HOLD/RM0.39/Target: RM0.48)
- CTOS’ 3Q26 results were in line with expectations. It has contained the cybersecurity incident, but affected credit reporting services remain suspended following BNM’s suspension of CCRIS access, with restoration subject to independent validation. The disruption affects 35% of weekly revenue (RM2.5m), reducing PATAMI by RM1.3m for each additional week of downtime, with an estimated total 2026 PATAMI impact of RM16m. Cut earnings by 16-18%. Maintain HOLD with lower target price of RM0.48.
What’s Inside
Company Update | CIMB Group Holdings (CIMB MK/BUY/RM7.10/Target: RM8.60)
- CIMB Group’s results were below expectations. The shortfall was driven by weaker-than-expected NIM and higher credit costs. CIMB Niaga also trimmed its NIM and ROE guidance by 10bp and 50bp, respectively. Maintain BUY on CIMB Group with a lower target price of RM8.60 from RM8.80 after the earnings revision.
Market Spotlight
- The FBMKLCI surged 2.02pt to close at 1,613.87 yesterday, buoyed by strong gains in the index-linked counters as the market took cue from positive sentiment in the overnight US market.
- US stocks were higher after the close on Wednesday, as gains in the industrials, basic materials and technology sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Three- A Resources | TARE MK
- Trading Buy Range: RM0.745-0.75
Citaglobal | CITAGLB MK
- Trading Buy Range: RM1.12-1.13
DPS Resources | DPS MK
- Trading Buy Range: RM0.53-0.535
Top Stories
Company Results | Bursa Malaysia (BURSA MK/HOLD/RM8.00/Target: RM8.20)
- Bursa’s reported 3Q26 earnings were in line with forecasts. We expect the current muted market sentiment to persist. Maintain HOLD with a target price of RM8.20.
Company Results | CTOS Digital (CTOS MK/HOLD/RM0.39/Target: RM0.48)
- CTOS’ 3Q26 results were in line with expectations. It has contained the cybersecurity incident, but affected credit reporting services remain suspended following BNM’s suspension of CCRIS access, with restoration subject to independent validation. The disruption affects 35% of weekly revenue (RM2.5m), reducing PATAMI by RM1.3m for each additional week of downtime, with an estimated total 2026 PATAMI impact of RM16m. Cut earnings by 16-18%. Maintain HOLD with lower target price of RM0.48.
What’s Inside
Company Update | CIMB Group Holdings (CIMB MK/BUY/RM7.10/Target: RM8.60)
- CIMB Group’s results were below expectations. The shortfall was driven by weaker-than-expected NIM and higher credit costs. CIMB Niaga also trimmed its NIM and ROE guidance by 10bp and 50bp, respectively. Maintain BUY on CIMB Group with a lower target price of RM8.60 from RM8.80 after the earnings revision.
Market Spotlight
- The FBMKLCI surged 2.02pt to close at 1,613.87 yesterday, buoyed by strong gains in the index-linked counters as the market took cue from positive sentiment in the overnight US market.
- US stocks were higher after the close on Wednesday, as gains in the industrials, basic materials and technology sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Three- A Resources | TARE MK
- Trading Buy Range: RM0.745-0.75
Citaglobal | CITAGLB MK
- Trading Buy Range: RM1.12-1.13
DPS Resources | DPS MK
- Trading Buy Range: RM0.53-0.535
Key Indices
IMPORTANT NOTICE - DISCLOSURES AND DISCLAIMERS
This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
